2012-09-25
2012-10-03
x chicago

STATION
CSPAN 14
CNBC 13
CNN 7
CNNW 7
CSPAN2 6
KQED (PBS) 5
WGN (CW) 5
MSNBC 4
MSNBCW 4
WJLA 4
KGO (ABC) 3
WETA 3
WMPT (PBS) 3
( more )
LANGUAGE
English 107

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is going to require compromise in a different type of deficit reduction plan. given all of those virginia jobs at stake, how can you say no to any type of tax and revenue increase, even if it is paired with a greater degree of spending cuts? >> getting our fiscal house in order in washington. i saw this as being another example of washington leaders not making decisions, putting off decisions to yet another commission, which, if it failed, as it did, it would be the responsibility of the federal government, which is national defense, as well as it being what is known to be over 200,000 technology and defense jobs in virginia. what we need to do is repeal or replace obamacare. but will sit trillions in spending, and that is harmful for business. i think we need to cut out and look at where there is redundancy in government. the government accountability office has put that forward. federal government employees, we have to reward them for cost- saving ideas. in the long term, a balanced budget amendment. tim said in the last debate that this is the right thing to do. now, he has, up with a

. that's the plan to reach the deficit target. that's the best case scenario because the budget is based on a growth assumption of 0.8% which seems to be far too optimistic. plenty of private economists believe the french economy won't grow more than 0.3% next year. in that case, the government will need to find an additional 5 feweuro of spending cuts on t of what will be announced today. the budget will include one very symbolic measure, new tax rate of 75% for people earning more than 1 million euros per year. it will be implemented only on around 2,000 people and it will raise only 200 million euros. so that's a symbolic measure that the prime minister has been clear already saying that it was a patriotic contribution to help the country recovery. also the government will confirm today probably that the bracket for the income tax in france won't be adjusted anymore to the inflation. that seems to be technical, but it means that with the same salary next year, people here will pay much more taxes than they used to pay. so basically, yes, it's focused on a tax increase. it's really imp

to get the deficit down to 4.5% deficit. quite frankly, that is pie in the skil according to pretty much all the analysts and the economists. and it's just a question of how much they'll miss by. because this economy is enacting extreme austerity, and this debate is relevant whether it's obama or romney. is austerity actually denting growth, is it creating more problems than it solves. let me give you one example. we have a sales tax in this country that has been raised from 16% to 18% to 21%. that has created a slight inflation issue. now, pensions are inflation linked. and this country in november has to increase pension abouts by inflation. so by raising 2.5 billion euro v.a.t., it will cost them 3.5 billion euro misincreased pension costs. so you can see the conundrum. they're enacting enormous amounts of austerity, but that's denting an economy which is already in recession. its second since 2008. and things are getting worse. 25% unemployment, a million up sold homes. and we haven't even talked about the banking crisis and the autonomous region, some of which including catalonia ar

of many. a singular focus on employment in the deficit had taken the wind out of the sales of issues such as these, and, yes, they are critical and linked to jobs and social >> we have done six licensing studies, and taken a look at laws and regulations to see what states are doing, and what we found is really not ok. the average score for centers in our reports is 87, which i do not want to get into. it is about 58%. that would be a failing grade in any classroom in america. we just came out with a report. i do not know if you have seen it. it is called "leaving children to chance." this report can add a couple of months ago and it looked at what is happening in homes. 4 d's. one b's, 4 c's, the 10th state, massachusetts, failed, and they were in the top 10. -- i think iith heard the first remarks say investment in child care and early learning. i do not think it is child care and early learning. i think for parents and many children, child care is an early learning program. on average, 11 million kids, about 35 hours a week, so for those lucky enough, 1.3 million children in pre-k

have started looking over. we got current account deficit and that taps at 3.9%. was at about 4.5%. in the quarter gone by, there was a surplus of close to about $5 billion. and we just got the august trade data out, as well. imported out about 5.1%. and august trade data is more or less in line. on that note, it's back to you again. >> all right. thanks for that. gold a bit of a boost in the run up to qe being launched since -- >> yeah, consolidating. i guess we've seen a pretty positive correlation between qe and pursuing months. so i think we'll see it push higher. as we see the race to the base, it can only be good for the gold price and obviously an even more interesting place, the gold miners. >> i just want to point out this tie isn't because i'm long gold. it's actually because i'm supposed to be matching, see that, this is the -- >> you need to be in a blue tie. >> there's some yellow in there, fwr greg. should have worn a yellow shirt. >> next time. >> not that you should take any fashion advice for me. so what about the reaction to that chinese data? li has the detail

a fiscal deficit problem or whether it has to be solved. a year ago that was debated and now the debate is however going to solve the? are we going to solve it on the revenue side? are we going to to solve it on the expenditure side? there is no one who is saying we should widen the deficit. everyone exceeds to it that the real debate is about how we get it done and also the nature of the government that is the consequence of how gets them. obviously government will grow. if you shrink the budget the government will retract and that has implications to the budget. it's an ongoing debate always in america but if you think about what has been accomplished in the last year everyone knows we have to solve the problem. how to solve what has resulted in an impasse and, but the fact that everybody agrees it needs to be solved is really the most important thing. >> but it seems to me that it's a math problem and as you said, if you have got you know slow but stable growth for an extended period of time here than ultimately the raponos have to go up and expenditures have to go down. neither of w

that governor romney has the advantage when it comes to the issue of the debt and the deficit. wendell is live at white house this afternoon. wendell, how big is governor romney's lead on the deficit issue? >>guest: four points. a new poll, after four years of trillion dollar deficits, that may not be ohio voters' most important economic concern given they prefer president obama as governor romney as the candidate who does a better job on the economy. a spokesman said "as time progresses the field is looking like it is narrowing for them. in that sense we would rather be us than them." romney officials accuse the obama camp of spiking the ball on the 30-yard line. press secretary carney said the real question is, what would the replacement refs do if someone spiked the ball on the 30. >>shepard: that is an interesting point. chinese trade practices on the campaign trade today was a talker. >>guest: rather than the auto bailout which is usually the subject in ohio, mitt romney says that china's cheating costs jobs. he promised to crackdown on subsidies and currency manipulation. the president h

voters have no idea what you're talk about. >> the number in the times front page story about the deficit and, you know, the fourth straight year of trillion plus deficit, these are things that concern -- >> the american voters. >> and a number that resonates. talk about trillion dollar deficits an every normal person is going to go what are we doing. >> let's be clear about that ad. the ad is a strong ad, but generally candidates do straight to camera ads when they feel like they're in trouble. president obama did his one and only after the welfare ads started to hurt him, you didn't build that, he went straight to camera. romney's ad is a response to the 47% and what that's doing to him in places including ohio and to go back to curt's point about why romney is personally beyond the economic numbers, the president has had a problem with white working-class vote es for a long time. worse in the south than in the industrial midwest but still there in the industrial midwest. mitt romney is almost like -- almost the jerry built to be the worst possible candidate to talk to white working-cla

.s. to come back from a 10-6 deficit. today, you guys come back. what does this mean to you? >> not just for me, but for the all of europe, for one that remain for my four vice captains and that band, i don't know which side. this one is for all of you. >> you told me this morning that you felt seve in the team room last night. you felt that he could propel you guys to a victory today. how was his presence felt this afternoon? >> well, seve will always be present with this team. he was a big factor for this event. for the europe side. and last night when we were having that meeting, i think the boys knew that believing was the most important thing and i think they did. >> you've won a couple of major championships. you told me earlier in the week, it was very difficult to watch

blamed republicans and the bush should ministration for the deficit. >> by the times be rains were turned over to barack and me, they had doubled the national debt in eight years. >> today, paul ryan campaigned in new hampshire. the granite state has four electoral votes. but that could make a difference in the race that could come down to a handful of states. >> thank you for sending mitt romney to the white house and barack obama back to chicago. >> the campaign is shifting to a different stage this week with wednesday night's showdown between president obama ann romney. >> if you have taken a look at the history of debates, it is not about policies. is not about facts. it has changed because someone did badly or did well. >> both candidates are in intense prep sections. romney may have the most on the line. his campaign is looking at this as a chance for a game changer. >> one more note from the campaign trail. and a four paul ryan has confirmed -- and aide for paul ryan has confirmed you will spend three days preparing for his debate with vice president joe biden. and new information

at the deficit, everybody knows the problem with the deficit. who do we think is more likely to deal with the deficit? someone who has run it up over a trillion dollars every year he has been in office? is that too is going to do it to? or do we think governor romney, a businessman who is committed to fiscal responsibility is going to do it? who is going to do it to? if the barack obama is in the white house four years from now, he will have appointed one half of all federal judges and he will have changed the complexion of the added states supreme court for decades. can we stand that in this country? is that what we want to? no. foreign affairs. the president of the united states went to new york today, yesterday. other presidents have gone to meet with world leaders to sit down with the israelis and other allies, people who he needs to understand. and interesting article this morning about his failure to do that. he went to new york not to meet with world leaders, he is on "the view." [booing] what a sense of priorities. he said after our ambassador was killed, after we look at the

, and their greatest threat to america is not military, it is the deficit. why do we have a deficit? we have a deficit because of the bushmen in their tax cuts, -- bush millionaires' tax cuts, because they are not paying their fair share of taxes. mitt romney is paying 14% of his income. i do not care how much mr. plummer made, but it is how much he paid. if mitt romney paid 14%, mr. plummer want to go to congress and he wants to write tax policy. don't you think it is fair that he discloses what his tax returns are? [applause] center brady, his running mate, in his failed bid to become lieutenant governor, released his tax returns. he did not pay any federal income tax for two years. what is it that mr. plummer has not paid? >> mr. palmer? >> i will answer the question. if you look and what is happening right now in the united states, if you look at what is happening, you have politicians of both polos -- part is not being honest with the voters. the bush tax cuts -- i will call of the obama tax cuts because they supported the extension. we have a tax code that is more than 72,000 pages, and grows ev

not quite recognized the deficit we have. as for the state level, a lot has happened. we work at the state level. we attempt to put together coalitions that recognize the importance of educating kids from conception to kindergarten. we are finding more business people who get the reality. they are understanding the situation and are increasingly ready to take action. in the area lisa pointed to, educating early solves educational problems. we published a report last march. it is on the website. it is a way to reduce special education costs. we know quality pre-kindergarten provided to 100 kids yields in reduction in special education costs alone enough to pay for the services. at the state level, there is an understanding that takes place that people can act on. it can better be done on the school district level. the power of technology is enabling people at local levels to act in ways they cannot at the federal level. as they act at the local and state level, it becomes clear that the federal level what needs to be done. the beginnings of this process are sufficiently still knew that it w

in this format is a huge deficit, and they kept winning matches and they really seemed if one was ahead, another one would get ahead and they fed on each other and the next thing it was a tied match going into the end and the europeans pulled it off. >> the crowd must have been stunned. >> yeah, it was ryder cup crowds, they're really like nothing else in golf because fans act like fans at every other sporting event. they cheer very loudly. there was a strong european contention. on sunday definitely the strategy by the europeans was to take the crowd out of it. they got up early. they sent out their best players. they sent out luke donald. they sent out justin rose. they sent out rory mcilroye. they quieted the crowd in chicago and that's why they were able to win. >> tiger woods has been getting a lot of blame by the media here in the u.s. does he deserve it, do you think? >> i mean, over the course of its career, the ryder cup has been a place where he's not performed to the level he has in other spots. i do think that the format of the ryder cup is different. i mean, you look at the way peop

for rejecting bipartisan plans that would have reduced the deficit. >> and the republican vice presidential candidate was in new hampshire and ohio today. reaching out to those swing state voters. ryan told the crowd in new hampshire that they had an enormous opportunity to help his ticket win in november. new hampshire was the state where romney kicked off his presidential bid last june. he also came back and kicked off his general election candidacy there. right now, mr. obama is leading polls in new hampshire and all the other swing states. >> how many stars would you have given today? >> how many will you give me? >> four possible. >> four stars. >> there you go. >> all right. things are changing though. jim ramsey will join us. >> we would like another but we're not going to get it. bob: you may not realize how good a day this was. having an 80 degree temperature today. 79. how about that for a high temperature. that's about 10 degrees above normal for this date. not much to show you on the time lapse camera. it looks like a gorgeous

new book on the deficit challenges. it is all yours. >> you should have made the introductions longer. you are on a roll. >> thank you very much. we are both delighted to be here. we know there are so many issues people are interested in. none more important than the economy. that is why we're really thrilled to be here to take part in this debate. the election is only 42 days away. with every day, more questions pop up. the more the public wants answers. the candidates debate start next week. i think our opportunity today to talk with these two advisers cannot be more timely. i am just going to start by asking questions that david will come after. we're going to go back and forth. we will see where it goes. we will be looking to the audience for you to ask a question. why did your candidate believe that this economy is not creating more jobs? what would he do to change that and make things better? >> we came through the deepest recession since the great depression. >> democrat tim kaine and republican george allen are running for the senate this year. they participated in a debate, m

of spending cuts or deshl resources to meet its 2013 deficit target. and fitch is lowering its 2012 growth forecasts both for china and india. citing deteriorating outlook of the global economy. so not a great way to start the morning. >> no, not great, but i like seeing what we did -- i saw ge and i was going to tell whoever thinks that we need to kiss up to them still -- >> minority partner. >> they are. but comcast would have been a better -- or we could have done both. and did i see something that it had first quarter, second quarter, third quarter? what do i need in the fourth quarter to get to the 30%? do we hahave that anymore? is that gone? no, they don't have it. >> i saw the dow, s&p and nasdaq. >> what did it add up to? adds up to like 15 or so. >> i just saw for this quarter. >> oh, it didn't show first quarter, second quarter -- >> no. >> there are corporate headlines. people started getting plaq blackberries? >> they beat expectations. >> they lost money, they beat expectations. >> but they added subscribers. >> subscribers in developed countries. the point is a developing --

.s. team at the 39th ryder cup. this was aufrl. the europeans roaring bang from a 10-4 deficit late saturday to take a tuning 14 1/2 to 13 1/2 point win. germany's martin kaymer sank a putt on the final hole to seal the victory. honestly it was all lost well before that. europe has won the seven out of the last nine ryder cups. and soledad i don't know if you had a chance to watch this debacle. a debacle embarrassing. >> yes, it was killing my poor husband. all right, john, thank you. >>> back to our top story this morning. two days until the first presidential debate. both candidates are getting last-minute preparations. "the new york times" reporting that mitt romney is coming armed on wednesday night, writing this, mr. romney's team has concluded the debates are about creating moments and has equipped him with a series of zingers that he's memorized and habeen practicing on airds since august. president obama responded to that report last night with this. >> i know folks in the media are speculating already on who's going to have the best zingers. i don't know about that. who's g

is telling france hey, you got to get that budget deficit under control, big budget deficit is verboten the socialist president of france, francois hollande, tax the rich, not so rich, capital gains, profits, you name it, there will be a big new tax. on upper end of income every dollar over a certain level the french government will take 75 cents. rip it right out of your hand. 75 cents on the dollar. more than $200,000, they take 45 cents on the dollar, almost half. bill, this is a massive gamble because france's economy is dead flat, teetering on recession. 10-year high for unemployment and france puts in place huge tax increases. bill: i'm reading the two measures bringing around half a billion euros. >> that's it. >> what will that do for them? >> not much. there are other taxes as well which will bring in a total they think of 20 billion euros. bill: higher tax rates on dividends? >> dividends, capital gains, dividends, profits, reinvestment of capital, interest you name it. bill: here is a query for you. are they cutting spending at all? >> by about $10 billion euros. $20 billion

specifics whether it's the american jobs act or whether it's his plan to responsible bring down the deficit by $4 trillion. this is specifics that are coming out of our ears specifics. mitt romney -- this debate and the issue you raised is more about how they see the country and mitt romney has made clear and i was watching that interview with absolute disbelief as i'm sure many americans were that he thinks people making $50,000 a year, that's a fire fighter, a nurse, a teacher, those people should pay 1 a. higher rate than people making millions. and this is a real difference between their views of the world, that i views of country and what their priorities are and how their prities will impact their plans. and that's a central debate in this election over the next 40 something days. >> i have to ask you, though, because you've been getting a lot of krcritics about the fact that the president would sit with the ladies "the view" and not take any one-on-ones. and nothing wrong with the interview with helthem, it's ju the timing. why not wait and instead of opening up such a vulnerable att

teachers and expand student aid and beef up public unions, sure. cut the deficit and raise the tax rates on upper incomes of successful businesses, guess what it has not worked so far. if it was going to work, it would have already worked. so is this really obama's version of economic patriotism? let's talk. here's jimmy william and cnbc contributor of the american enterprise institute. what is so bloody patriotic about tax hikes, spending increases, regulatory increases and a lousy, worst economy since 1947? >> i'm worried what we will see in 2013 if the president wins is an economic patriot act. and part of it will be dramatically higher taxes on wealthier americans, entrepreneurs. anyone who thinks the end of the obama tax hikes are going to be raising it back to the clinton levels are crazy. you are going to see surtaxes, surtaxes on corporations. there's no way the obama spending numbers work without dramatically higher taxes far above what we saw in the clinton years. >> one of these things has my goat. obama talks about cutting tuition, you can't cut tuition if you expand student

choosing between current job creation and growth on the one hand, and deficit reduction on the other hand is a false choice. deficit reduction enacted now with enforceable limitation of limited period down the road would provide time, hopefully, for recovery to take gold and could contribute significantly to that recovery by ginger in economic confidence and by creating a fiscal content that would allow a stimulus. more broadly, the hamilton project convenes to liberation of her aspects of our broader shorter-term duress, including stimulus and mortgage relief. but our primary focus continues to be long-term economic policy. turning to the longer-term, our country has enormous strengths, dynamic and entrepreneur culture or ask not your resource, rule of law, flexible labor and capital markets, and so much else. dust, -- that's there are immediate hardships to be addressed. we are well-positioned to succeed for the transforming global economy. however realizing that potential requires sound fiscal conditions instead of the current unsustainable and dangers fiscal trajectory, strong public

cuts as the government tries to reduce its heavy deficit. as turmoil and tension in the euro-zone escalates, there remain questions about the longevity of the euro currency. today, italian prime minister mario monti said he doesn't think any country will leave the union. erika miller reports from new york. >> reporter: as italian prime minister mario monti left today's event, he dodged reporters and walked straight to a waiting car. earlier at the forum, it was a different story. calm, cool and collected, monti stayed carefully on message. he made it clear italy is better off as part of the european union. >> the euro brought to italy a single currency, shared with all the others, that is very important economically. >> reporter: monti also emphasized the benefits of the common currency for other member countries, like germany. >> thanks to the euro, germany was able and is able to have a huge european market free from the risk of competitive devaluations. >> reporter: euro-zone worries have roared back this week, thanks to violent demonstrations in spain. today, the spanish

about global demand. >> platinum and palladium demand is sort of in a deficit. you do have supply. you would say, well, maybe we're not producing enough. these are very difficult metals to produce. the supply constraint is such that you can't just kick new production on. as i say, it comes out of south africa. it comes out of russia, and our mine in montana. so the two metals are used primarily for the same product. and that is catalytic converters in cars. you have kind of a surging market for cars. you have the regulatory requirements stepping up in the cars. and you've got sort of this price-driven move from platinum to palladium, so the madeium is getting the bigger mrketn the cars than platinum has had in the past. so essentially the demand is really quite strong. >> tom: frank, with that cupid of demand outlook for platinum, how do you explain the price differential between gold and platinum. traditionally, as you are well aware, gold is priced per ounce below platinum but right now gold is about $100 above platinum. >> people are looking forward and saying they want something wi

perot interviewed on the economy, the deficit, and debt, and how it has changed since he ran for president in 1992 and 1996. find the article in today's edition of usa today. ross perot tonight at c-span - at 9:00 eastern on c-span. >> we underestimate how much we forget. particularly if we have a fragmentary idea, a fleeting sense of something interesting that then disappears. one of the things i try to do is not just to write everything down but to keep everything together. don't overorganize your notes. don't put them in folders and things like that, because you want to allow collisions to happen between your ideas. the important thing is to go back can be read all your notes, from six years ago and revisit that passed self and all the ideas he or she had. that is what it was like for most of the great minds of the enlightenment. they would put together passages from the books they read that they were inspired by and they would write their own notes and then they would go back and read this book that was a kind of clipping of all these other ideas and their intellectual se

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voters trust romney more than the president to do a better job of handling the budget deficit. and mitt romney is telling ohio voters he feels their pain, and and he knows how to fix it. in a high school gym outside columbus this morning.. golf legend jack nicklaus introduced romney by saying the two men share family values. romney told the crowd of two thousand people, they can trust him to know his strengths.. righting the economy as well as tackling the national debt. romney is scheduled to take part in a manufacturing roundtable in bedford heights, ohio this hour. he'll attend a rally later this afternoon in toledo. sad news today for a generation who grew up listening to crooner andy williams. williams died at his home in branson missouri. he had bladder cancer. with 17 gold and three platinum records, andy williams was among the most popular singers of his time. his variety show was a tv favorite from 1962-1971 in the 70's and 80's he hosted his annual christmas tv specials... he also hosted numerous award shows. just ahead: just ahead of the holiday shopping season, kohls is an

inspector general. >> it puts the actual structural deficit right now at about $1 billion. >> so we need to come up with ideas fit for tough times. others can it rang up controversy like the one quarter cut in city communications staff fewer paid city holidays and already raising the ire of our union suggestions of eliminating hundreds of chicago fire fighters. there are things to put out there for people to explore and examined as we try to address our fiscal situation. 31 suggestions in total. mike shields talking about chicagos murder rate and the unthinkable nature of police. >> michelle obama stopped at a talk show studio today. later we caught her heading into one of two fund-raisers for the president or she was a guest speaker of course she told her audience is that barack is fighting for all of this and deserves a second term. the regular referees are finally back in the nfl the union that represents the officials reached a new contract deal much to the release of the player's fans and coaches the agreement referees will see their salaries rise to 205,000 by 2019. the league wi

,000 tax bill next year. it's -- they couldn't agree on deficit reduction. fiscal cliff congress would have to fix it a quick point. the payroll tax cut that you're getting right now, it's likely not going to be extended. there will be higher taxes, maybe a little bit, maybe a lot depending what congress does. now, the new york attorney general filed suit against jpmorgan against the mortgage backed securities sold. the start of it all. the civil suit alleges that bear stearns which jpmorgan now owns and is responsible for, misled investors into thinking the toxic loans had been fully evaluated. even when bear stearns found out there were problems, the bank "failed to reform their practices or to disclose material information to investors." that's according to the complaint. total losses suffered, $22.5 billion in 2006 and 2007. here's the thing we can control. we can control what we're spending and buying this month. it's a new month and every month there are new deals. they're known -- every month is known differently for shoppers. according to deal news.com, here's what to buy and not bu

the president not spending enough in outer space. this is mr. the deficit is coming to eat your grandchildren, but that's okay. because we should still be going to the moon to keep the chinese from being space station there. they are going to build a toy store there. and mitt romney is going to send all the work there. he is a remarkable guy, he is very capable of sending your job to china and making his money. >> stephanie: yeah exactly. love your headlines, scott brown will not be bullied by a girl from harvard. the only clips i saw was him bringing up her heritage over and over again. >> i think he's making a little bit of headway -- you know making her explain what she did for asbestos companies. it helped the asbestos workers, but you have to understand bankruptcy law to understand how it did that and you can't make a commercial out of that. the whole you make $350,000 to teach one course -- well he has been to law school. he knows how law schoolworks. >> stephanie: exactly. >> that line of attack is completely dissident from the line he sold to the country for three year

predecessor. the david letterman interview that president obama gave last week on the debt and deficits was a veritable panoply of things that were at least misleading, and often just flat-out untrue. i think the president didn't get called on it. there were many more misleading statements in the 10 minute interview that president obama gave david letterman than anything in paul ryan's speech which as we saw led to the this explosion of fact-checking. bill: don't all politicians kind of take the truth and bend it a little bit, stretch it out for their own advantage? >> yes. that is an understatement. they do it all the time. everybody on all sides does it. and i think, you know, to a certain extent the romney campaign has to be a little careful not caught up in just being fact checkers, but at the same time calling the president out on his excesses. when he is say things about governor romney that aren't true. bill: rove takes it a step further because he writes about serial dishonesty. that is the phrase he uses in his piece. how do you think romney has responded to date? >> i think th

the bush administration for the budget deficit. >> they had doubled the national debt in eight years. >> with his path to the white house shrinking, florida you is looking like a must win scenario for romney. but today paul ryan focused on new hampshire. the granite state has four electoral votes, but ryan said that could be the difference in a race that will come down to a handful of states. >> thank you, granite staters, for sending mitt romney to the white house and barack obama back to chicago. >> the campaign shifts to a different stage with wednesday night's high stakes showdown between president obama and romney. >> if you take a look at the history of debates, it is not about policy specifics. it is not really about facts. every change that happened in -- because somebody's style did badly or did well. >> both candidates will spend the next few days in intense prep sessions. trailing in the polls, romney may have the most on the line. his campaign is looking at this debate as a chance for a game changer. karen travers, abc news, washington. >>> the city and county of san fran

for the budget deficit. >> they had doubled the national debt in eight years. >> with his path to the white house shrinking, florida you is looking like a must win scenario for romney. but today paul ryan focused on new hampshire. the granite state has four electoral votes, but ryan said that could be the difference in a race that will come down to a handful of states. >> thank you, granite staters, for sending mitt romney to the white house and barack obama back to chicago. >> the campaign shifts to a different stage with wednesday night's high stakes showdown between president obama and romney. >> if you take a look at the history of debates, it is not about policy specifics. it is not really about facts. every change that happened in -- because somebody's style did badly or did well. >> both candidates will spend the next few days in intense prep sessions. trailing in the may have romney may have the most on the line. his campaign is looking at this debate as a chance for a game changer. karen travers, abc news, washington. >>> the city and county of san francisco are looking for poll workers

. >> $80 billion? >> it's like 80 build per year. and we need to cut -- close the deficit by a trillion. we got a trillion dollar deficit and it raises like -- i think it's less. maybe 40 billion. >> are you correct, it's not sufficient. >> and he's not talking about anything else. you can keep your entitlement, keep this -- he's not talking about doing specific things with entitlements. >> you're right to this extent. he's not talking specifics on entitlements. >> it's mostly we'll tax rich people so that -- or people that make over 250 and you'll basically get to keep everything including the phones. >> joe, i thought you either wanted to talk about the last minute kick that a billy -- >> i didn't see that. oh, the redskins. >> or my terrific story on debates in the "new york times" this morning. >> it was between piece. it was a very good piece. >> i did see that. >> thank you. let me recap. >> you didn't even mention the bengals beat the redskins. >> i was going to if you brought it up. and congratses on the reds, too. they have tied the nationals for best record in baseball. so we've g

looking at it with regard to krugman's piece and something to do with the deficit, is that going to be spun positively if they're working on it or more fearmongering that something really heinous will go down. >> okay. so keep sticking with what's working for now. we'll keep an eye on this. but kevin, thank you. you always keep us up-to-date on everything happening down there. >> one more quick thing i'll say. watch silver. a lot of popularity in it. we didn't get an outright sell signal, but we got very bearish divergences for silver when it made a new high yesterday. trading over $41 on ebay for silver coins. well over the price in the marketplace. so watch out for that. could be an actionable trade. >> okay, kevin. thanks for the tip. >>> if you have any questions, comments about anything you see here, squawk@cnbc.com. coming up, the chicago teachers strike back in the headlines this morning. we'll find out why next. and then ian poulter's in the building. attention golf fans ever where. >> look at that. every player's name. unbelievable. >> got to be careful. >> i don't want

to dissatisfaction with activity whether it's a lack of understanding of a topic or an attention deficit rather than being frustrated would replace the feeling with apathy. the ayes have the power over your brain that controls your hands and muscles doctors found we have far less control over our thoughts than we think study participants first using weighted polls mirrors were introduced and despite the fact that people could not balance a stick they didn't compensate by relying on the feeling of perception they kept trying to make it work with what they saw the finding is that people could not abandon visual information resulting in the brain making and hiding poor decisions based on site. >> temperatures back in the '80s soon. >> with hotwire's low prices i can afford to visit chicago for my first big race and l.a. for my best friend's wedding. because when hotels have unsold rooms, they use hotwire to fill them. so i got my hotels for half-price! >> men: ♪ h-o-t-w-i-r-e ♪ ♪ hotwire.com ♪ ♪ you do ♪ ♪ something to me ♪ ♪ that nobody else could do ♪ you know, i was once us

senator when the nation had a recession, another large deficit. we got the job done. i am a candidate because washington is a mess. both parties have made commitments that we cannot keep, and nobody wants to do anything about it. i promise to go to washington to change our congress, and i promise to work with republicans to get our budget balanced so we can set a different course. my opponent promises more of the same. she signed a pledge at that will be very bad for nebraska. i promise bipartisan solutions, and i promise to get the job done. >> thank you. the coin toss determined which candidate will be the first to answer question. it goes to senator kerrey. >> what would you say to people who are unemployed and have given up looking for work altogether? >> we have work to do. washington has not been able to get the job done. we got to have fundamental change in congress. i am advocating a 45-word change in the constitution to have the congress force term limits of 12 years, give the congress permission to ban all outside money and limit what they can spend in campaigns. money is co

collapse by the u.s. at the 39th ryder cup. the europeans roaring back from a deficit to stage a breathtaking 4 1/2 to 13 1/2 point win. sinking a five-put putt to seal the victory. europe's tseventh victory. >> we have to listen to peiers morgan now. >>> and the super bowl champion new york giants lost to the eagles and the eagles undefeateda dramatic win against the panthers. featuring two long bombs by matt ryan in the closing minutes. extraordinaire. >> i can't believe you watched it. >> amazing powers and inabilities to watch sports even if it means sacrificing sleep. >>> another water cooler topic. arnold schwarzenegger puts himself in the hot seat answering questions about his failed marriage, his affair, his love child, and the fact that he performed same-sex marriages while in office. we're going to hear directly from arnold, coming up next. >> big. ♪ well, he's not very handsome ♪ to look at [ sighs ] ♪ oh, he's shaggy ♪ and he eats like a hog [ male announcer ] the volkswagen jetta. available with advanced keyless technology. control everything from your pock

is liberal to cut spending? i think is liberal to cut taxes when you are operating a deficit, because you are spending money. >> i do not think your labels mean a lot. what i have said from the beginning -- the centerpiece of our problems is the national debt. we simply have to look at this. whether we do it this year because of the way our economy is or next year, a two-door 0.3 trillion -- 2.3 doris trillion -- >> i want you to respond to this. >> i'm glad there is a clear contrast between the two of us. i do not believe we should raise taxes. i do not think the problem is that americans are not taxed enough. mr. sadler has been very candid that he would consider raising taxes on every single tax and who pays income tax is. >> that is not fair. >> if you would consider allowing all of the bush tax cuts to expire, that would raise taxes on every single tax and who pays income tax. are the texans to pay income taxes we would not raise taxes on? you did not have an answer. >> you will not put words in my mouth. i would say, the first place, we have to balance the budget, cut spending, and

servicemen and women as well. so that added to the national deficit. and one other thing that we should talk about in terms of the national deficit, part of it is that we're not bringing in as much revenue as we should be bringing in to pay for all the things, the services and programs that the american people continue to desire. there's no question under this president that we've seen, you know, the most significant budget cuts also in the history of country. discretionary spending is at its lowest in 60 years. taxes are also at their lowest. but the one thing that the democrats have not done, we haven't walked away from the table. we haven't pointed fingers and said it's their fault. we're all in this together. it's time republicans roll up their sleeves and come to the table so we can fix this problem and solve our many other great challenges before the end of the year and the american people can get back to work. that's what they desire us to do. >> i think both of these presidential candidates are gearing up for their one presidential debate in october as well. i'm looking forward to th

in the senate, his fiscal policies turned masses surpluses into massive deficits. the federal deficit went up $16,000 every second george allen was the united states senator. voted to raise the debt ceiling four times, voted to raise his own salary four times. now he's talking like a conservative, but his record shows he can't have another crack at it because his actions don't match his word. again, i think the right strategy is an aggregated examination of deductions rather than fighting issue-to-issue. you can have the amount or percentage vary by income or how the tax code is already. that's the most likely path to lead to success. >> we're out of time on that answer. >> can i have time to rebut? >> not according to your rules. i like more than less, but going on. >> governor allen, virginia voters are divided on whether they want the affordable care act to stay or go because it's not completely ruled out and because it's so complex. do you want to completely get rid of the law as a stands and start over on health care reform from strach or favor -- scratch or favor another method? >> i'll

looking good. >> of course the romney campaign points to the rising deficit, accelerated deficit rising under president obama as compared to the george w. bush years. >> dave: from george w. bush and not free from criticism. 4.9 trillion dollar increase in the nation's debt. but here we are three years into the obama presidency talking 5.36 trillion dollar increase in our nation's debt. that's pretty simple to fact check. i'm surprised joe biden continues to bait those fact checkers, with statements like that. that's a pretty-- that's a slam-dunk. >> alisyn: because people don't listen to his speeches with the calculator out and listen with their guts and resonates. they have been saying the same thing for the better part of almost four years so it must be working on the campaign trail with them. >> dave: and doing some hypnotizing before that. stare into the pen. >> alisyn: all right. let's get to your headlines, because, to tell you about right now. there was another insider attack that claimed the life of a soldier and contractor. 2000 american troops killed in afghanistan sense the

team wiped out a four-point deficit on sunday beating the u.s. team. >> it was a stunning collapse for the american squad. three of the 12 players won their matches on sunday. david feherty watched it all at the medinah country club outside of chicago. first of all, just the ryder cup. you see that enthusiasm. it's a greet event. sort of, back in that environment, if you like. it gets the crowd into it like no other event in golf can do. >> what happened? >> well, ian poulter started a recovery -- >> on saturday. >> on saturday by birdieing the last five holes and last two matches for the europeansing looked like they were going to go the wrong way, in which case, you know, it was over. and it was over anyway at 10-4. because of the momentum that they came in with, you know, i said that evening, you know, they feel like they are tied 6-10. at that point i don't think a european team or any team had gone into, you know, the locker room that evening four matches behind and felt so good about themselves. >> an poulter five birdies in a row. what about tiger's performance? >> tiger did

including middle-class tax cuts, responsible deficit reduction, the violence against women act, veteran benefits and protecting medicare. mr. lewis: reserving the right to object. the speaker pro tempore: recognition of members is within the discretion of the chair. the chair is limiting the debate to matters before the house and such request is not in order at this time. parliamentary inquiry. state your inquiry. mr. waxman: during pro forma session, can the chair entertain legislative business, because i have further parliamentary inquiry? if we can take up legislation to create jobs and avoid the fiscal cliff, since we're taking up other items, i would like to know whether we could do business in the house of representatives to address the priorities in this nation. people want jobs. people want the -- the speaker pro tempore: does the gentleman have a specific parliamentary inquiry? mr. waxman: my specific request is whether during a pro forma session can the chair entertain legislative business? the speaker pro tempore: the gentleman's asking a question matter scheduling and not re

and not having some larger deficit when they get out of school. that's going to do it for this hour. don't go anywhere, "now" with alex wagner is coming up. i know a lot to talk about beuse we've been seein both ckorthhis morning from cgi to the u.n. and now the mitt romney and education nation. >> it is a big day in the big apple, thomas, with everything from education, foreign policy and free speech on the menu. it is tuesday, september 25th, and this is "now." >>> joining me

the deficit. the ratings agency fitch said today uncertainty about u.s. fiscal policy is the single biggest near-term threat to the global recovery. when you see washington act the way it's been acting, does it make you more cautious? >> of course. >> reporter: bayard winthrop launched american giant, a new men's clothing business in san francisco this year. but the indecision in washington, he says, is holding him back. >> it doesn't breed a lot of optimism. so we're hiring, but we're not hiring as aggressively as i think we would b if i had real confidence that we were on a pathway towards growth nationally. >> reporter: so in effect, washington is undermining the economy. >> i think that the lack of substantial and positive debate is undermining the economy. >> reporter: one piece of good news today, weekly first-time unemployment claims dropped to a two-month low. and the labor department says the economy actually added nearly 400,000 more jobs over the past year than originally estimated. >> pelley: well, anthony, there's still about 12.5 million people who are unemployed. what does a

to the deficit. even conservative economists have tried to make the numbers work like martin feld stein. he has trumped his study but when pressed about the unflattering specifics he says i haven't seen his precise study. >> i missed it. >> stephanie: oops. rush limbaugh. >> do you realize that obama -- is trying to put together a majority coalition made up of the least informed people in this country? >> republicans? >> in some cases may be the dumbest. >> he may figure he has academia all wrapped up but his big electoral push is for the mental midgets in this country. proudly so. >> stephanie: they're already setting up to say you're stupid, you americans that just re-elected him in a landslide. stupid heads. >> stupid idiots! >> maybe we shouldn't have defunded education every chance we got as republicans. the whole country is full of dumb people who will vote for obama. >> can't solve a problem i throw money at it unless it is tax cuts for the rich and whatever. education. the one problem you can't fix by th

is romney talking about the deficits, debt and deficit given that we have the employment crisis and much of the reason is the new look at the states they thought of as a target of violent hampshire this is just an issue that resume sit it is almost a kind of psychic quality that resonates and i think that that is one thing to keep in mind and you have these kind of strands that do not always come here and a way that works for you if you are a candidate so that is wanting to keep in mind. it's interesting to think about when you have this kind of stagnation for the high end but a broad swath of the electorate. what does it mean. one thing it means is this not enrollment in the last two or three years to get medicaid. when bill clinton gave a talk at the democratic national convention to was incredibly shrewd because he didn't talk about medicare they talk about medicare it's a real wedge into the numbers between the two campaigns. a really is medicaid and it's a lot of white working-class folks as well as the underrepresented minority backgrounds as well. so, i think that when you think a

to create are manufacturing jobs, promote u.s.-made energy and train workers and reduce the deficit. voters in ohio liked the message the president delivered on jobs there yesterday. polls show mr. obama widening his lead in the state. mitt romney also in the buckeye state telling audiences he cares about the people of america. romney acknowledging that some of the polls show him behind president obama. but he pointed to the first presidential debate less than a week from now as a potential turning point in the race. >>> in new york it was a rough ride for nearly 200 people aboard a brazilian jetliner from rio. they were bracing for a crash landing at kennedy airport because the landing gear was stuck sideways. you can see it there. the pilot circled twice before touching down. the nose gear seemed to miraculously straighten itself out just before the plane hit the tarmac. thankfully no one was injured. but some anxious moments aboard that plane. >>> airlines across the country are raking in big profits from what used to be a free service. they're pocketing billions of dollars in baggage fe

creation and growth on the one hand and deficit reduction on the other hand is a false choice. deficit reduction with enforceable limitations, and limited period on the road, it will provide time for recovery to take hold and could contribute significantly to that recovery. by generating economic confidence and creating a fiscal responsibility. our country has enormous drinks. vast natural resources, the rule of law, flexible labor and capital markets. we have a strong public investment critical to economic success red and perform non-budgetary areas such as health care immigration and k-12 education and so much else. as you know, there are enormous policy differences and all of these areas. substantively, they could leverage to move forward effectively in each area. however, that will only happen if our elected officials are in the final analysis, committed to effective government. and that means working across party lines and different opinions to make politically tough decisions. that takes us to today's program. strategies of the long-term success of the american economy must focus

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